New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-01-23
RAILROAD INTERESTS.
READING REORGANIZATION.

PHILADELPHIA. Jan. 22-E Dunbar lockwood. chair.
Of the General Mortgage Bondholders Committee OF
the Reading Railroad authorizes the following state
ment:
The new plan for the reorganization OF tho Reading
Railroad was submitted two weeks ago from the Income
mortgage bondholders through the chairman OF their
committee Charles Wheen OF the banking house OF T.
Wheen Co. 1t has been under consideration by sub
committee OF the General Mortgage Bondholders Com
mlttee since that time At the meeting Thursday be-
Committee suggested certain statements which
cepted by the Income Committee The plan was yester'
cism and the subcOmitees of the two bodies met this
afternoon for further discussion OF the plan II they
agree will be submitted 10 the full committees for their
approval provided the parties cooperating in New-York
agree.
reorganization OF Jersey Central and that 10 ID possible
the two properties may again become closely affiliated
PROSPECTS OF A COAL POOL LEssENING.
PHILADELPHIA, Jan. 22.-There Is considerable specu
laton oay among the soft coal producers to whether
there will be pool formed All meetings held by the
committee to arrange percentages have proven so bar
success the last meeting 1t agreed to
give nothing for publication, and the statement is now
made that unless agreement Is reached at the next
meengal effort to form the pool Will be abandoned
TO TURN 1T OVER TO RECEIVER COOLEY.
ST LOUIS Jan 22.-Recrivers Tut and Humphreys, Of
the Wabash applied to Judge Treat in the United States
Circuit Court for directions concerning the operation OF
the Eel River road and this morning the Court made the
following announcement: "Ordered that to avoid all
conflict Of jurisdiction. Receivers Tut and Humphreys
tender to Thomas f. Cooley, heretofore appointed
cever OF certain lines OF the Wabash possession Of
the Eel River Railroad in Indiana under the order Of the
liens membranes and obligations now existing on
the road"
MISCELLANEOUS RAILWAY INTELLIGENCE.
PHILADELPHIA, Jan % Speeial The statement Of the
Northern Central Railroad Company for the year ending
December 81 shows gross earnings OF ST.
and net earnings Of $40 AZ decreaee from last
year earnings Of S3O3,35s &c. The large falling of
in earnings is said to be due to increased expenses
which mainly OF permanent character, In the way
extending the double track the main line, the COM
pletlon OF the station IN Baltimore and improving the
facilities for handling business in that city.
The Philadelphia, Wilmington and Baltimore, owing to
the large increase in business has begun to put down the
second track on Its Delaware DIVISION and twenty-nne
Officials Of the Pennsylvania Railroad state to-day
that the passage OF the Interstate Commerce bill has had
future freghts This is because they cannot tell what
will prevail under the bi and owing to this
they have been compelled To decline TO name rates upon
some OF their most important contracts for 1887.
ar. LOUIS Jan. 22.-The Ohio and Mississippi and
the Chicago and Alton roads made proposition to the
freight pools yesterday that the st. Louis east
The proposition was not accepted The Alton and ONO
aud Mississippi roads however have determined TO make
the rate proportionatey lower and will do so to-day
President Shaw OF the Columbus Hooking Valley and
Toledo Railway Company, who has been making
thorough investigation In regard to certain securities
which are missing from the cOmpanys treasury, did not
reach York last night, his friends had expected
lie will probably be here to-day.
At the office OF Dire xel Morgan Co It was stated yes
terday that there was no truth In the reports
receny pubished that the control OF the Dubuque and
sioux City Railroad had been secured IN the interest OF
the Illinois Central Railroad Company. majority OF
the stock IL held In trust by the firm